Aegon (NYSE:AEG) Downgraded by Morgan Stanley to Equal Weight

Aegon (NYSE:AEG) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Friday.

Several other research firms also recently commented on AEG. Weiss Ratings raised shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Citigroup reaffirmed a “buy” rating on shares of Aegon in a research report on Monday. BNP Paribas Exane started coverage on Aegon in a report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, Wall Street Zen downgraded Aegon from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Aegon Stock Performance

NYSE AEG opened at $8.37 on Friday. The company has a market cap of $16.78 billion, a P/E ratio of -52.28, a PEG ratio of 0.89 and a beta of 0.85. The company has a fifty day simple moving average of $7.59 and a 200 day simple moving average of $7.64. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. Aegon has a 12-month low of $6.64 and a 12-month high of $8.48.

Hedge Funds Weigh In On Aegon

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Aegon by 2.1% in the first quarter. Royal Bank of Canada now owns 77,076 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 1,551 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Aegon by 16.3% during the first quarter. AQR Capital Management LLC now owns 75,569 shares of the financial services provider’s stock worth $498,000 after acquiring an additional 10,591 shares during the period. Acadian Asset Management LLC boosted its position in Aegon by 20.0% in the first quarter. Acadian Asset Management LLC now owns 142,277 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 23,670 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Aegon in the 2nd quarter valued at $165,000. Finally, Rhumbline Advisers increased its position in shares of Aegon by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 92,294 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 2,921 shares during the last quarter. Institutional investors own 4.32% of the company’s stock.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.